Vietnam is the world’s second largest coffee exporter after Brazil. In particular, the roasted and ground coffee – instant coffee segment is considered the most fiercely competitive with the participation of foreign companies. In the period 2022-2023, Outspan Vietnam – a subsidiary of OLAM, has taken the number 1 position in this segment in terms of export turnover in the latest crop.
The company has exported 17.5 thousand tons of products with a turnover reached USD 100.6 million, surpassing many major competitors such as Cà phê Ngon, Nestle and the “coffee king” of Vietnam – Trung Nguyên.
Outspan – a subsidiary of OLAM is the number 1 roasted and ground coffee – instant coffee exporter in Vietnam in the period 2022-2023 (Source: VICOFA)
OLAM is a leading name in agriculture and food industry, providing raw materials, animal feed and related products to customers worldwide. Established in 1989 in Nigeria, the company relocated its headquarters to London and then transferred all operations to Singapore in 1996. The largest shareholder of this enterprise is Temasek – Singapore’s government investment fund (54% stake). In addition, Mitsubishi Group of Japan is also a major shareholder of the company.
In 2020, OLAM Group carried out restructuring, dividing its operations into two main companies: Olam Food Ingredients (OFI) and Olam Global Agri (OGA). OFI focuses on developing and exporting high value nuts such as cocoa, coffee, nuts, spices and milk, while OGA mainly promotes the cereal, animal feed, cooking oil, cotton and related services… This restructuring helps the corporation concentrate more resources on key agricultural products, which have high profitability and reduce business sectors that do not bring expected results.
Main business segments of OGA – OLAM’s subsidiary (Image: OLAM)
The company’s business results have also been impressive in recent years, with major contributions from OGA. In 2022, the corporation exported 42 million tons of agricultural products, of which 89% came from OLAM Agri, generating a turnover of SGD 54 billion (USD 40.6 billion – up nearly 17% compared to the previous year). OLAM’s products are exported to countries around the world, with the highest proportion in the Asia, Middle East and Australia region (49%), followed by the European region (18.1%).
OLAM’s business results in 2022 (Image: OLAM)
As the leading agricultural exporter in the world, Vietnam is an unmissable choice for OLAM. The company has been operating in Vietnam for over 20 years and has become one of the leading rice, coffee, cashews… buyers, processors and exporters. The corporation has brought Vietnamese rice and many other agricultural products to more than 20 countries worldwide through its supply chain, contributing to promoting the quality of Vietnamese products to international friends.
In addition, OLAM has also built many factories in Vietnam, including cashew, black pepper and almonds processing factories in Bien Hoa, cashew factories in Gia Lai and Coffee, rice in Long An. This shows that Vietnam has been and is one of the key markets for OLAM in production and business.
In the coming years, OLAM is expected to continue to increase investment in the Vietnamese market with key agricultural products such as rice, coffee, cashews… With the support from the world’s leading exporter, Vietnamese agricultural products are gaining a larger market share in the world, with the output and export value of these items improving day by day.
